82 426
Fashion Jobs
SACK OFF 5TH
Asset Protection Uniform Guard
Permanent · PARAMUS
SACK OFF 5TH
Asset Protection Investigator
Permanent · SHREWSBURY
SACK OFF 5TH
Fulfillment Associate Part-Time
Permanent · LAWRENCEVILLE
NGG
Sales Supervisor
Permanent · NEW YORK
COTY
Assistant Marketing Manager, us Luxury - Burberry Makeup
Permanent · NEW YORK
NORTH CAROLINA STATE
Enterprise Research Administration Training Manager
Permanent · RALEIGH
NORTH CAROLINA STATE
Academic Coordinator
Permanent · RALEIGH
CENTRIC BRANDS
(Assistant) Manager, Logistics (Origin Carriers)
Permanent · NEW YORK
CENTRIC BRANDS
Keyholder, Robert Graham - Scottsdale
Permanent · SCOTTSDALE
CENTRIC BRANDS
Keyholder, Robert Graham - Las Vegas (Forum Shops)
Permanent · LAS VEGAS
MICHAEL KORS
PT Sales Supervisor, Walt Whitman Shops Huntington Station NY 11746
Permanent · HUNTINGTON
JCREW
Associate Manager
Permanent · CHARLOTTE
RAG & BONE
Account Executive
Permanent · NEW YORK
RAG & BONE
Senior Coordinator, Retail Marketing
Permanent · NEW YORK
MACY'S
Manager, Asset Protection
Permanent · FRIENDSWOOD
MACY'S
Asset Protection Detective, Southlake Mall - Part Time
Permanent · CLAYTON
MACY'S
Asset Protection Detective - Multi-Store, South Shore Plaza - Full Time
Permanent · BRAINTREE
MACY'S
Asset Protection Lead Detective - Multi-Store, South Shore Plaza - Full Time
Permanent · BRAINTREE
MACY'S
Manager, Asset Protection - Multi-Store
Permanent · FAIRVIEW HEIGHTS
STAND OUT FOR GOOD
Brand Rep
Permanent · LEAWOOD
RALPH LAUREN
Associate Manager
Permanent · TEXAS CITY
RALPH LAUREN
Associate Manager
Permanent · LEEDS
Published
Dec 6, 2022
Reading time
2 minutes
Download
Download the article
Print
Text size

Fenwick to shutter Bond Street store as building is sold

Published
Dec 6, 2022

British department store chain Fenwick is to close its major Bond Street, London location after selling the building to a property firm for a rumoured price of over £400 million.


Photo: Sandra Halliday


The store has been open for 130 years and the company was earlier reported to be mulling a partial conversion of the site to offices, an idea other nearby retailers such as John Lewis and M&S are also embracing.

But while the news that the family-owned business has finally decided to shut the store altogether may come as a surprise, a look around the store hints at a long-term decline.

The menswear department, for instance, has shrunk to a fraction of its former size, while the lucrative handbags category also has only a small presence.

The five-storey property is being bought by Lazari Investments but will continue to operate in its current form until 2024.

Fenwick chairman Simon Calver called the decision a “difficult” one but “absolutely the right thing for the business” with the proceeds of the sale set to get the business on a strong financial footing that can help it last for more than another century.

Fenwick was found in 1882 in Newcastle, and while Bond Street is a prestigious address, its Newcastle store is its flagship. 

In recent years it has closed stores in locations such as Leicester and Windsor.  The Bond Street closure will leave it with only eight stores. 

But the company also now has a webstore, a channel to which it was a very-late-comer, having only entered e-tail in 2019.

The business reported sales of £240 million in the year to January, but it made a £5 million pre-tax loss.

Copyright © 2024 FashionNetwork.com All rights reserved.